This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 10 August 2012, is made under the Maori Trust Boards Amendment Act 2011 (the 2011 Act). That Act came into force on 16 September 2011.
The order provides for an early transition date, as defined in section 9(1) of the 2011 Act, for the 3 Boards listed in clause 3. The order requires those Boards to operate under the amended hui, reporting, budget, and audit requirements of the 2011 Act from their first accounting period after the commencement of the 2011 Act. The first of the amended requirements will arise for those Boards on 1 October 2012.
The new requirements will apply to all other Boards from the second accounting period of each Board beginning on or after 16 September 2011, as provided for by section 9(1)(a) of the 2011 Act.